7612-7620 W Madison St - Commercial LAND FOR SALE


River Forest, IL 60305 30,492 SF
$1,500,000 USD
708-578-6145
7612-7620 W Madison St, River Forest, IL for Sale
$1,500,000 USD
Commercial LAND - FOR SALE
1/14
30,492 SF

7612-7620 W Madison St
River Forest, IL 60305


HIGHLIGHTS

  • Level, 0.7-acre site open to a wide range of potential development ventures, ideal for mixed-use projects.
  • Conveniently located near Interstate 290, public transportation routes, and major area thoroughfares for easy accessibility.
  • Unique development site lies within a TIF district, adding the potential for tax incentives.
  • Within walking distance of a variety of stores and restaurants along Madison Street, the Blue Line, and Downtown River Forest.

OVERVIEW

Situated in a TIF district near a thriving downtown, this site is ready for the right developer to bring fresh ideas. The Village of River Forest is proud to announce that this space is open for development. Located at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue, this 0.7-acre site comprises three parcels with a prime development opportunity. This site is open to various potential ventures to seamlessly fit into the neighborhood's suburban charm, including mixed-use projects, retail, restaurants, an office, and more. Connecting adjacent parcels across the alley and TIF district tax incentives are potentially available. The leveled land was formerly home to the Lutheran Children Family Services building. The site fronts the heavily trafficked Madison Street commercial corridor, surrounded by residential communities within walking distance of the vibrant downtown. Numerous restaurants, bars, shopping, services, and entertainment fill the tranquil tree-lined streets. Located about 10 miles west of Chicago's Loop, River Forest is a picturesque suburb known for its gorgeous architecture and lush natural beauty. River Forest contains densely wooded areas alongside the Des Plaines River, where its natural beauty contributes to the peaceful atmosphere. Traveling is easy, with access to the Blue and Green Line, the Metrarail's UP-W Line, and Interstate 290, in addition to O'Hare International Airport and Chicago Midway International Airport, which are less than 30 minutes away. This prime site at 7612-7620 W Madison Street, 10 Lathrop Avenue, and 11 Ashland Avenue presents an ideal destination for development as a blank canvas in a buzzing community.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$2,142,857/AC

PRICE/SF

$49 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Prime Development Opportunity in River Forest

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Office, Mixed Use, Apartment Units

LAND ACRES

0.7 AC

LAND SF

30,492 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C2

APN/PARCEL ID

15-12-322-031-0000,15-12-322-032-0000,15-12-322-033-0000,15-12-322-034-0000,15-12-322-035-0000,15-12-322-039-0000,15-12-322-047-0000,15-12-322-048-0000

ASK ABOUT THIS PROPERTY

Jessica SpencerVillage of River ForestMore Info
708-578-6145

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Jessica SpencerVillage of River ForestMore Info
708-578-6145

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.